GRENADA-ECONOMY-Parliament gives nod to Citizenship by Investment legislation

ST. GEORGE’S, Grenada, CMC – The Grenada parliament has given the nod to the Citizenship by Investment legislation as the Keith Mitchell administration seeks to lure foreign investors to the island.

But Prime Minister Mitchell has made it clear that new regulations would be put in place to ensure that bona fide investors receive the Grenada passport as part of the initiative.

‘We don’t want people going out there with our passport and they have never visited the island,” said Mitchell, noting that under the new regulations, anyone approved for citizenship would have to spend some time on the island.